Far Side Properties working in collaboration with Walstrom has acquired the Viridian commercial office building on South West Bay Shore Drive in Traverse City, Michigan, with plans of establishing a marina or mixed-use development.
“Living and working in the Grand Traverse area, we know that lake access for boaters has reached a critical status. Folks are waiting upwards of a decade to get a slip,” says Kyle Oleson, general manager of Walstrom Marine in Traverse City. “We want to be part of the solution.”
Far Side and Walstrom are in conversations with other local property owners and are actively seeking input from the community for future development plans of the property. Ideas include a full-scale marina with facilities as well as a mixed-use development with condominiums and a private marina.
“Our team has been working on this project for nearly 18 months. Admittedly, it is a complex, challenging project, but seeing the positive impact it could have by meeting community needs and supporting the transformation of this immediate area, it’s definitely worth the effort,” adds Tom Ervin, president of Walstrom Marine. “We are excited to see this project come to life.”
To learn more about Walstrom Marine, visit walstrom.com.
